Environmental Energy Services, Inc. (EESV) Announces Plans to Drill on Four New Sites
Posted on: Wednesday, 7 December 2005, 12:00 CST
EL RENO, Okla., Dec. 7 /PRNewswire-FirstCall/ -- Environmental Energy Services, Inc. announced today that they have partnered with an investor who will provide a minimum of $1.5 million to use exclusively for obtaining leases covering four separate geological sites. EESV will have an 18 month exclusive right to drill for natural gas on these leases. The sites, located in Oklahoma, Arkansas and Louisiana, consist of thousands of acres and based on geologists early estimates, could yield up to 3 trillion cubic feet of natural gas.
"Following on the heels of our first successful well, I am very excited about this announcement," stated A. Leon Blaser, EESV Chairman and CEO. "As I have previously stated, this is the beginning of what we plan to be a fortuitous endeavor for EESV."
About EESV
Founded in 2001, Environmental Energy Services, Inc. is an environmental resources company focused on Energy and Solid Waste Management, spear-heading those industries with a combination of recognized experience and patented cutting-edge technology. Currently based in El Reno, Oklahoma, EESV has locations and projects throughout North America.
This press release includes forward-looking statements as defined in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 relating to matters such as prospects, anticipated operating and financial performance. Actual prospects and performance may differ from anticipated results due to economic conditions and other risks, uncertainties and circumstances partly or totally outside the control of the company, including risks of production variances from expectations, market volatility, the level of capital expenditures required to fund ongoing drilling initiatives and the ability of the company to execute its business strategy. These and other risks are described in the company's reports filed with the United States Securities and Exchange Commission. These forward-looking statements are made only as of the date of this communication and EESV undertakes no obligation to update or revise these forward-looking statements.
Environmental Energy Services, Inc.
CONTACT: PR, Megan Geiss of Environmental Energy Services, Inc.,+1-208-342-0983, mgeiss@eesvinc.com
Source: PRNewswire-FirstCall
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